BALANCE SHEET - PWHOA (1/31/03)
ASSETS:
Operating Assets - General
Checking-Bank Atlantic						7,571.82
Savings - Bank Atlantic						98,500.20
Checking - Union Bank						86,428.75
Money Market - SouthTrust						3,614.42
Total Operating Assets - General								196,115.19
Operating Assets - Cable
Cable Account - Amtrust Bank						1.55
Cable Account - Washington Mutual						60,596.35
Cable Account - Regent Bank						12,956.78
Total Operating Assets - Cable								73,554.68
Other Assets
Accounts Receivable						80,048.08
Bulk Cable Receivables						4,558.45
Prepaid Insurance						8,586.62
Total Other Assets								93,193.15
TOTAL ASSETS									$362,863.02
LIABILITIES & EQUITY:
Operating Liabilities
Accounts Payable						1,828.82
Prepaid Assessments						367.50
Prepaid Cable Assessment						219.09
Deferred Revenue						245,116.66
Deferred Cable Income						72,366.54
Total Operating Liabilities								319,898.61
Members Equity
Members Equity						44,324.97
Current Year Earnings						-1,360.56
Total Members Equity								42,964.41
TOTAL LIABILITIES & EQUITY									$362,863.02
HOMEOWNERS EQUITY:
Total Members Equity						42,964.41
Less Cable Surplus						5,527.50
TOTAL HOMEOWNERS EQUITY						$37,436.91

 

BUDGET COMPARISON - PWHOA (01/31/03)
					MTD	MTD		YTD	YTD	Annual
					Actual	Budget		Actual	Budget	Budget
INCOME:
Homeowner Assessment					22,283.34	22,283.33		22,283.34	22,283.33	267,400.00
Interest Income					55.80	308.33		55.80	308.33	3,700.00
Bulk Cable Assessment					14,758.34	15,275.25		14,758.34	15,275.25	183,303.00
Miscellaneous Income					25.00	0.00		25.00	0.00	0.00
Clean-up Fees					0.00	0.00		0.00	0.00	0.00
Corrective Maintenance - Cov. Enforcement					0.00	0.00		0.00	0.00	0.00
Newsletter Advertising					84.00	250.00		84.00	250.00	3,000.00
TOTAL INCOME					37,206.48	38,116.92		37,206.48	38,116.92	457,403.00
EXPENSES:
Maintenance & Common Area Expense:
Irrigation Maint/Upgrade					718.88	833.33		718.88	833.33	10,000.00
Landscape Replacements					578.00	708.33